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NEW DELHI: After remaining above the 8 per cent mark for almost 18 months, inflation would moderate to 7.93 per cent by the end of July, Institute of Economic Growth (IEG) has said in its forecast. "The WPI (wholesale price index) inflation forecasts are 8.47 per cent, 8.24 per cent and 7.93 per cent for May, June and July 2011, respectively," IEG said in its monthly monitor report. Headline inflation in the country came down marginally to 8.66 per cent in April on the back of moderation in the prices of certain food items.

NEW DELHI: The global financial crisis will hit India more this fiscal as the country's growth will be 5.8 per cent, says economic think-tank Institute of Economic Growth (IEG). Government-estimated growth for 2008-09 is 7.1 per cent. However, as per RBI estimates, GDP growth would be around 6 per cent in 2009-10. "Based on our macroeconomic exercise, the impact of the global economic crisis on India is going to be higher in 2009-10 compared to the previous year," the IEG said in its latest report.

NEW DELHI: The global financial crisis will hit India more this fiscal as the country's growth will be 5.8 per cent, says economic think-tank Institute of Economic Growth (IEG). Government-estimated growth for 2008-09 is 7.1 per cent. However, as per RBI estimates, GDP growth would be around 6 per cent in 2009-10. "Based on our macroeconomic exercise, the impact of the global economic crisis on India is going to be higher in 2009-10 compared to the previous year," the IEG said in its latest report.

NEW DELHI: The Institute of Economic Growth has warned that rising foreign exchange demand and global interest rates may weaken the rupee and slow down forex accumulation, which is expected to touch $106 billion by March. "The expected rise in the demand for forex and increase in global interest rates would lead to marginal depreciation of the exchange rate," IEG said in its latest report. IEG said it would also dampen the current pace of forex accumulation, which is now nearing $105 billion.

HYDERABAD: In order to consolidate its position as a pioneer in e-governance, Andhra Pradesh government is in the process of establishing an Institute of Electronic Governance (IEG), that will act as a catalyst in transforming the state into a knowledge society. The proposed IEG will work in close collaboration with the National Institute for Smart Government (NISG), International Institute of Information Technology(IIIT), the state's IT and Communications (IT&C) department, and a consortium of higher learning institutions, including engineering and technology institutions.

NEW DELHI: The reserve Bank might cut the Bank Rate in the upcoming busy season credit policy in view of the liquidity overhang in the domestic economy and lower interest rates abroad, feels Institute of Economic Growth (IEG). "We may expect a cut in Bank Rate in the coming credit policy," IEG said in its latest report. Bank Rate is the interest at which the RBI extends credit to the commercial banks. The economic thinktank said the excess liquidity in the economy and lower interest rate structures prevailing abroad, would "lead to further decline in the short-term interest rates in India.

NEW DELHI: Indian economy, which grew by 8.1 per cent in the first quarter, will clock a growth rate of 7 per cent for entire 2005-06 against 6.9 per cent last fiscal, economic think tank Institute of Economic Growth (IEG) forecasts in its latest report. Meanwhile, inflationary expectations still persist in the economy given the growing money supply and high world oil prices, IEG said in its latest Monthly Monitor. Although both industry and services sectors are expected to be growing below compared to 2004-05, it is still above the average growth, IEG said.

NEW DELHI: A think-tank Institute of Economic Growth (IEG) has said that the inflation is likely to rise to over 11 per cent in June from 10.16 per cent in May and the RBI may have to take monetary action to tame it. The Whole Price Index (WPI) inflation figure for June is slated to be released tomorrow. "The WPI forecast is 11.12 per cent for June...the RBI is slowly withdrawing from its low policy rates regime and the trend is going to continue, given the inflationary pressure in the economy," IEG said in its monthly bulletin.

NEW DELHI: High oil prices is expected to push up inflation to 3.9 per cent in the next three months, hardening interest rates, economic think-tank IEG has said. "WPI Inflation for the next three months (is likely) to be 3.1 per cent, 3.3 per cent and 3.9 per cent respectively and consumer price index inflation rate (is likely) to hover around 3.42 per cent," IEG said in its monthly report. Inflation dropped to three year low at 3.13 per cent, but inflationary pressure still persist, the think-tank said.

KOLKATA: PVR Pictures has struck deals with two more large American production outfits ? Kathey Morgan International (KMI) and International Entertainment Group (IEG). It already has an association with the mega independent movie company Miramax. "The deals with Kathey and IEG transpired lately. Together with Miramax, we intend sourcing films regularly from these two production companies," Mr Kamal Gianchandani, vice-president, PVR Pictures, told ET. Talks are on with a few more US movie labels, he added, but these tieups are still to be finalised.